Ritholtz Wealth Management Has $351,000 Stock Position in Roper Technologies, Inc. $ROP

Ritholtz Wealth Management lifted its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 11.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 620 shares of the industrial products company’s stock after purchasing an additional 65 shares during the quarter. Ritholtz Wealth Management’s holdings in Roper Technologies were worth $351,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Endowment Wealth Management Inc. grew its holdings in shares of Roper Technologies by 3.4% during the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 18 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in shares of Roper Technologies by 0.8% during the 2nd quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company’s stock worth $1,329,000 after purchasing an additional 18 shares in the last quarter. Winch Advisory Services LLC boosted its stake in Roper Technologies by 2.2% in the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company’s stock valued at $557,000 after buying an additional 20 shares in the last quarter. Townsend Asset Management Corp NC ADV boosted its stake in Roper Technologies by 0.8% in the second quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company’s stock valued at $1,448,000 after buying an additional 20 shares in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its stake in Roper Technologies by 2.9% in the second quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company’s stock valued at $407,000 after buying an additional 20 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP John K. Stipancich sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares of the company’s stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 0.3%

Shares of ROP stock opened at $505.89 on Tuesday. The stock has a 50-day moving average of $514.89 and a 200-day moving average of $544.18. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The stock has a market cap of $54.44 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 2.36 and a beta of 1.00. Roper Technologies, Inc. has a 1-year low of $492.25 and a 1-year high of $595.17.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The company had revenue of $1.88 billion during the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. On average, equities research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, October 3rd. Roper Technologies’s dividend payout ratio is 23.19%.

Analysts Set New Price Targets

Several analysts recently weighed in on ROP shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $541.00 price objective (down from $577.00) on shares of Roper Technologies in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Roper Technologies in a research note on Wednesday, October 8th. Truist Financial raised their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Barclays reduced their price objective on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Finally, Citigroup initiated coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $623.82.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.